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Fed Chair Powell's finally fighting back

Fed Chair Powell's finally fighting back as the White House looks to fire him 'for cause'

The White House uses an overbudget renovation of Fed headquarters to pressure Fed Chair Powell out of his job. Will it work? And does it even matter?

Reuters on MSN · 1d

Hassett says White House probing Fed renovation costs, authority to fire Powell

WASHINGTON, July 13 (Reuters) - U.S. President Donald Trump has the authority to fire Federal Reserve Chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said on Sunday and that the Fed "has a lot to answer for" on renovation cost overruns at its Washington headquarters.

U.S. News & World Report · 19h

Fed's Powell Asks Watchdog to Take Fresh Look at Renovation Project, Politico Reports

Recent comments from White House economic adviser Kevin Hassett on criticism of the Fed's renovation costs have confirmed the view that the Trump administration is actively explor

Jerome Powell, Scott Bessent

Forbes on MSN · 5h

Bessent Says ‘Formal Process’ Underway To Find Fed Chair Powell’s Successor, Report Says

Treasury Secretary Scott Bessent told Bloomberg on Tuesday a “formal process” has been launched to find Federal Reserve Chair Jerome Powell’s successor, following months of pressure from President Donald Trump to have Powell step down from his role at the agency.

Fortune on MSN · 4h

Scott Bessent confirms moves to replace Jerome Powell are under way: ‘There’s a formal process that’s already starting’

The Treasury secretary also stated his preference that Powell step down from the Fed entirely when his term ends. “Traditionally, the Fed chair also steps down as a governor."

Reuters · 6h

US Treasury Secretary Bessent says ‘formal process’ for Powell successor has started, Bloomberg News reports

U.S. Treasury Secretary Scott Bessent, in an interview on Bloomberg Surveillance on Tuesday, said that a "formal process" is already starting to identify a potential successor to Federal Reserve Chairman Jerome Powell.

Fed, Trump and Jerome Powell

MarketWatch on MSN · 20h

What Powell needs to do now to fend off Trump and keep the Fed independent

The Trump administration’s attacks on the Fed highlight the problems with the central bank’s discretionary moves. Remember ‘transitory’ inflation?

Fox Business · 1d

Trump calls Fed's Powell a 'knucklehead'

President Donald Trump slams Federal Reserve Chairman Jerome Powell over interest rates.

The Wall Street Journal on MSN · 1d

Trump Is Considering a ‘Shadow Fed.’ Here’s Why That's Risky

President Donald Trump has signaled he’s already looking to replace Federal Reserve Chair Jerome Powell far earlier than usual. Here’s how a so-called ‘shadow’ Fed would work, and why it could cause problems for markets.

17hon MSN

Trump firing Fed Chair Powell could trigger 'Nixon shock,' warns analyst

Bitcoin tops $120K as markets prepare for inflation data and a Powell ouster, with analysts warning of a modern-day 'Nixon ...

23h

Trump admin’s attacks on Powell over $2.5 billion Fed renovation hinge on ‘VIP dining rooms’ and procedural grounds with an obscure gov agency

The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower ...

23hon MSN

Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul

Federal Reserve Chair Jerome Powell is asking an inspector general to review the cost of the central bank's building ...

3don MSN

Trump official criticizes Fed chief Jerome Powell for "ostentatious" office renovations, as Trump takes aim over interest rates

A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as ...

Why Trump removing Powell is the market's most underestimated risk

Analysts at Deutsche Bank consider the president's removal of Fed chief Jerome Powell "one of the largest under-priced event ...

2don MSN

Powell's ouster 'one of the largest underpriced event risks over the coming months'

Potential removal of Fed Chair Jerome Powell could disrupt markets, spike inflation expectations, and impact the USD and ...

Benzinga on MSN1h

Fed Launches Internal Review Of $2.5B Renovation As Trump Officials Slam Oversight, Spending

The Federal Reserve has requested that its inspector general review a $2.5 billion headquarters expansion project following ...

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